The Great Stagnation and the end of Growth?

In the context of sluggish recoveries or even stagnations in developed countries,  Matthew Ridley discusses "The Great Stagnation" theory.

Prediction is hard. Predictions always tell us far more about the predictors themselves than they do about the future. This is as true for generations as it is for individuals: when those in past eras tried to forecast the technology that would exist today, they invariably extrapolated from the technological developments of their own lifetime. Occasionally this can lead to surprising accuracy (witness the prediction from 1910 that in a century’s time we would all carry 

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